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Midweek Roundup: China Hands U.S. List of ‘Economic Fugitives,’ AML-Delayed Bank Merger Nears Finalization, and More
printChina has handed the United States a list of over 150 suspected "economic fugitives" believed to be living in the United States, most of whom are suspected of embezzling public funds and accepting bribes, Reuters said, citing China Daily. More A $3.7 billion merger between Hudson City Bancorp Inc. and Buffalo, NY-based M&T Bank Corp. is scheduled to be finalized by May, bringing the banking industry's longest pending merger to a close, Bloomberg reported Monday. Originally scheduled for completion in 2012, the merger purportedly stalled that year due to an agreement between the Federal Reserve and M&T that required the...
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Western Union will commit additional resources beyond the $250 million it spends annually to prevent fraud and money laundering, the Dubai Financial Services Authority fined Arqaam Capital $50,000 for unspecified AML violations, and more, in the midweek roundup.
The suspected father-in-law of former Zetas cartel boss Omar Treviño was arrested on criminal conspiracy and money laundering charges, Iraq's parliament is expected to approve an AML bill that will help bring the nation in line with international standards, and more, in the midweek roundup.
U.S. officials extended temporary sanctions relief for Iran through July 10, Nigerian officials are exploring measures to curtail the inflow of undeclared foreign currency into the country, and more, in the midweek roundup.
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The Holy See will submit information on Americans with Vatican bank accounts to the U.S., German investigators raided Deutsche Bank's headquarters in Berlin on suspicion of tax fraud in securities transactions, and more, in the midweek roundup.
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